W Resources issues Half Year Results for the Six Months Ended 30 June 2016
Michael Masterman, Chairman of W Resources, commented: “2016 has so far been a great year of transition for W. We have reached major milestones in Spain and Portugal with initial production at La Parrilla in 2016 and are on track for Régua in 2018, whilst increasing the prospectivity at the other three projects. The La Parrilla mine plan is progressing well, with production commencing in Q3 2016, and in parallel, we are continuing our discussions with regard to financing the mine at asset level and are encouraged by the response to date. These factors, combined with the Full Mine approval, see the FTM construction on-track ahead of the ramp-up to full production in 2017.
“At Régua, metallurgical results to date have been encouraging, and this, combined with process flowsheet updates will enable us to start work on the definition development study.”
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Today we have Gervaise Heddle (Executive Director) Greatland Gold PLC AIM:GGP speaking with Share Talk on his visit to London, UK.
Gervaise is an experienced investor and market commentator, a Non-Executive Director of Thor Mining PLC and is the Managing Director of Bletchley Economics.
The principal activity of Greatland Gold plc is to explore for and develop natural resources, with a focus on gold.
It is widely recognised in the exploration and mining industry that the next generation of large deposits will come from areas under cover that have not been subject to significant exploration in the past. Based on this understanding, the Company has focused recent efforts and acquired ground in specific targeted areas.
Greatland Gold has an industry focused, skilled and experienced board and management team with a track record of delivering high quality exploration results and project development at low costs.
Mick Billing – Chairman & Paul Johnson – None Executive Director speak to Share Talk about the company restructuring and future outlook.
Thor is an exploration and development company with an advanced tungsten/molybdenum project poised for development and gold and tungsten exploration projects. Thor is listed on the Alternative Investment Market (AIM) in London and the Australian Stock Exchange (ASX).
in Share Views – Episode 10 – David Lenigas is interviewed by Zak Mir on this week’s Share Views programme from London South East (lse.co.uk).
David speaks about his involvement with Anglo African (AAAP), Cuba, the infamous ‘Gatwick Gusher’, and Doriemus.
Kolar Gold Ltd is a India gold exploration and mine development company. Share Talk caught up with Cameron Parry last week in London to ask questions share holders had submitted.
July 2016, the company appointed Cameron Parry, a non-executive at AIM-listed resources investor Metal Tiger, as its chief executive. Kolar raised GBP900,000 in a placing, in which Metal Tiger had acted as a cornerstone investor. Parry had himself been chief executive of Metal Tiger until a management shake up in February.
It also appointed Luke Cairns as an executive director.
Parry said that, since then, “the new management has made significant progress to remedy structural deficiencies and operational inefficiencies that existed within the company previously. Concurrently we have been developing a strategy to build value and generate cashflow whilst managing risk.”
Kolar said that, since their appointment, the new executive team reviewed the company’s historical operations and had put in place measures to control costs. This included liquidating Australian subsidiary Kolar Gold Pty Ltd and setting up an operating office in London.
“We are also looking to develop complementary business opportunities for the Indian market and to become a co-operator of near-term cashflow generative gold projects within an alternative jurisdiction,” Parry added.
By Hana Stewart-Smith; firstname.lastname@example.org; @HanaSSAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
Further to its announcement on 23 September 2016, Ferrum Crescent, the ASX, AIM and JSE quoted metals project developer, announces that 100,000,000 new ordinary shares of no par value each in the capital of the Company (“Consideration Shares”) will be issued to GoldQuest Mining (Spain) Corp. on 30 September 2016. The Consideration Shares will be issued in settlement of the share element of the consideration for the acquisition of 100% of the issued share capital of GoldQuest Iberica, S.L.
Noricum Gold Limited, announces that it intends to change its name to Georgian Mining Corporation (EPIC: GEO). Noricum is also proposing to consolidate the existing ordinary share capital of the Company.